CoreCivic with ticker code (CXW) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 15.6 and 10.85 with a mean TP of 13.82. With the stocks previous close at 9.84 this now indicates there is a potential upside of 40.4%. The 50 day moving average now sits at 10.08 and the 200 day moving average is 9.82. The company has a market cap of $1,187m. You can visit the company’s website by visiting: https://www.corecivic.com
The potential market cap would be $1,667m based on the market concensus.
CoreCivic owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. As of December 31, 2020, the company owned and operated 47 correctional and detention facilities, 27 residential reentry centers, and 15 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.
